Norwood Financial (NWFL) director receives 45-share equity grant at $30.39
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Matergia Ralph A reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP director Ralph A. Matergia received an equity grant of 45 shares of Common Stock on April 10, 2026 at $30.39 per share. This award, described as Director Retainer Shares under the 2024 Equity Incentive Plan, increased his directly held position to 26,473 shares.
He also reports several indirect Restricted Stock holdings, which vest in scheduled installments beginning on December 14, 2022, December 13, 2023, December 12, 2024, December 15, 2025, and December 15, 2026, subject to continued service as an employee, outside director or director emeritus.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Matergia Ralph A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45 | $30.39 | $1K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,473 shares (Direct);
Common Stock — 40 shares (Indirect, Restricted Stock)
Footnotes (1)
- Director Retainer Shares issued under the 2024 Equity Incentive Plan. Award vests in five equal installments beginning on December 14, 2022 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable. Award vests in five equal installments beginning on December 13, 2023 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable. Award vests in five equal installments beginning on December 12, 2024 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable. Award vests in three equal installments beginning on December 15, 2025 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable. Award vests in three equal installments beginning on December 15, 2026 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.
Key Figures
Director grant size: 45 shares
Reported price per share: $30.39 per share
Direct holdings after grant: 26,473 shares
+2 more
5 metrics
Director grant size
45 shares
Common Stock grant on April 10, 2026
Reported price per share
$30.39 per share
Value used for the 45-share grant
Direct holdings after grant
26,473 shares
Common Stock directly held by director after transaction
Restricted Stock holding example
825 shares
One of several indirect Restricted Stock positions
Vesting start date (award group)
December 14, 2022
First of several installment vesting start dates
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, vests in five equal installments, +1 more
5 terms
2024 Equity Incentive Plan financial
"Director Retainer Shares issued under the 2024 Equity Incentive Plan."
Restricted Stock financial
"nature_of_ownership: "Restricted Stock" for several indirect holdings."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vests in five equal installments financial
"Award vests in five equal installments beginning on December 14, 2022 and annually thereafter"
Director Emeritus financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus"
FAQ
What did NWFL director Ralph Matergia report in this Form 4 filing?
Ralph A. Matergia reported receiving 45 shares of Norwood Financial (NWFL) Common Stock as a grant on April 10, 2026. The shares were issued as Director Retainer Shares under the 2024 Equity Incentive Plan, increasing his direct ownership stake in the company.
What is the 2024 Equity Incentive Plan mentioned for NWFL?
The 45-share grant to Ralph A. Matergia is described as Director Retainer Shares issued under Norwood Financial’s 2024 Equity Incentive Plan. This plan provides stock-based compensation, granting Common Stock as part of director remuneration rather than a cash-only retainer structure.
Does Ralph Matergia have indirect Restricted Stock holdings in NWFL?
Yes. In addition to directly held shares, the Form 4 lists several indirect Restricted Stock holdings for Ralph A. Matergia. These restricted awards have total share amounts such as 40, 280, 420, 550, 82 and 825 shares, reflecting separate vesting schedules and indirect ownership.
How do the NWFL Restricted Stock awards for the director vest over time?
The Restricted Stock awards vest in scheduled installments tied to service. Footnotes state vesting in equal installments beginning on December 14, 2022, December 13, 2023, December 12, 2024, December 15, 2025, and December 15, 2026, contingent on continued service as employee, outside director or director emeritus.